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sodexo-sponsored adr (SDXAY) Related Businessweek News

sodexo-sponsored adr (SDXAY) Details

Sodexo S.A. develops, manages, and delivers on-site services, benefits and rewards services, and personal and home services worldwide. The company offers various on-site services, including construction management, reception, medical equipment sterilization, housekeeping, technical maintenance, leisure cruises, foodservices, and prisoner rehabilitation to corporate, remote sites, defense, justice services, sports and leisure, healthcare, seniors, and education customers. It also provides benefits and rewards services, which comprise employee benefit services, such as vouchers, cards, Internet access, company cell phones, gift boxes and cards, gift catalogues, and other benefits; incentives and recognition services; and public benefits services that provide access to basic services, culture, or residential support services, as well as consumer gifting services. In addition, the company offers personal and home services in the areas of childcare and concierge services, as well as in-home care for dependent persons. Its childcare services include designing, building, and managing childcare centers for local authorities and companies; concierge services consist of restaurant and vacation reservations, ticketing, in-home services, administrative tasks, and dry cleaning; and home care services comprise housekeeping, grocery shopping, accompaniment outside the home, preparation of balanced meals, assistance in getting up, bathing and grooming, and day and night companionship. The company was formerly known as Sodexho Alliance and changed its name to Sodexo S.A. in 2008. Sodexo S.A. was founded in 1966 and is headquartered in Issy-les-Moulineaux, France.

sodexo-sponsored adr (SDXAY) Key Developments

Sodexo S.A. reported consolidated earnings results for the nine months ended May 31, 2015. For the company has posted revenue of €15,143,000 against €13,822,000 a year ago.
The company anticipates organic revenue growth of around 2.5%, taking into consideration the more difficult economic environment in Latin America and certain European countries and confirms an increase in operating profit of around 10%(excluding currency effects and exceptional items), representing a further 0.3% improvement in operating margin.

Sodexo opened its regional headquarters in Singapore, as part of its Asia-Pacific expansion plans. Located in Fusionopolis, the new office will support Sodexo's operations in 15 countries within the region which employ some 60,000 people. It will also house the global team for its remote sites segment, which provides services such as accommodation and food services at offshore rigs and serves clients in more than 40 countries.

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